According to numerous stories (1, 2, 3) today, due to ongoing concerns about their processes, including alleged "robo signing" of documents, Bank of America is halting foreclosure activity in all 50 states. What isn't 100% clear from these stories is if this is just on the foreclosure proceedings side of the equation or if it also includes the bank owned homes they are selling to new buyers. Update: CNBC has a story about Fannie Mae halting foreclosure sale closings. If there are concerns about the legality and … [Read more...]